AVAX asset price rises

The Avalanche cryptocurrency has experienced a 7.10% increase in the last 24 hours, trading at $33.81 at press time. The technical indicators are bearish, but there are minor bullish signs appearing in the MACD as it has converged for a bullish cross and the RSI at 44.18. Therefore, despite the bearish indicators, the situation could also turn to the upside.

If demand for the AVAX asset price rises, it could bounce back from the current level. The next price targets could be $40.0 and $50.0. However, if the AVAX crypto price fails to stay above the $30.0 level, it could decline further.